Property Overview
This one-and-a-half storey home, built in 1914, presents a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key appeal lies in its above-average living space (1,054 sq ft) for the immediate area, offering more room than many neighbouring homes. The property sits on a standard 3,070 sq ft lot and includes a detached garage. It's important to note the basement exists but is unrenovated. The home’s assessed value is modest compared to the Winnipeg-wide average, positioning it as an accessible entry point.
This property would suit a buyer comfortable with a home of this vintage, potentially a hands-on individual or investor looking for a footprint with room to grow. Its value is very much rooted in its location and lot, offering a chance to add value through updates. A thoughtful perspective is that while the home is older than most on its street, it provides more interior space than its peers—a trade-off that could be advantageous for the right buyer.
Frequently Asked Questions
What does "one-and-a-half storey" typically mean for a 1914 home?
This style usually features a main floor with principal rooms and a second floor under sloping roof lines, which may have smaller rooms or cozier ceilings. It's a classic Winnipeg design, offering character but sometimes requiring creative space planning.
How significant is the unrenovated basement?
It indicates a space that is functional but unfinished, likely with concrete floors and exposed utilities. This represents both a project and an opportunity to customize the space to suit your needs, subject to local building codes and moisture considerations.
The last sale price was very low. What does that indicate?
The 2017 sale price of $12.5k is not reflective of current market value. It often indicates a prior transfer between family members, a lot value transaction, or a sale "as-is" for renovation. The current assessed value of $180k is the relevant figure for today's market.
How does the lot size compare?
At just over 3,000 sq ft, the lot is typical for the Chalmers area but below the city-wide average. This means outdoor space is manageable, and the property fits the neighbourhood's established density.
What can nearby assessed values tell me?
Nearby homes on Ottawa Avenue have a range of assessed values. This suggests a varied streetscape with different conditions and renovation levels. It's a good reminder to evaluate the home's specific condition and potential, as values on the block are not uniform.